Competition watchdogs at the European Commission have begun probing potential anti-trust issues relating to Facebook's digital currency project Libra.
The European Commission is today adopting a Communication and four reports that will support European and national authorities in better addressing money laundering and terrorist financing risks.
The European Commission is hosting a roundtable in Brussels as part of an ongoing intiative to push the development and availability of cross-border instant payments for European consumers and businesses.
Traders from Barclays, RBS, Citigroup, JPMorgan and MUFG who used chat rooms to fix the spot forex market have cost their employers EUR1.07 billion in fines following an investigation by EU antitrust authorities,.
Mastercard and Visa have agreed to cut interchange fees for payments made in Europe by cards issued elsewhere by an average of 40% following an EU anti-trust investigation.
The European Commission has launched a European Forum for Innovation Facilitators (EFIF), to improve cooperation and coordination of national regulatory bodies in support of the region's booming fintech economy.
The Commission welcomes the political agreement reached today by the European Parliament and EU Member States to ensure a more robust and effective supervision of central counterparties (CCPs) offering services to the EU.
The Commission welcomes the political agreement reached today by the European Parliament and Member States on new rules that will further help small and medium-sized enterprises (SMEs) to finance their growth, innovate, and create jobs.
The European Commission is pondering a "regulatory push" to encourage adoption of the new TIPS instant payments service and make it a genuine rival to the card schemes and tech giant-built digital wallets.
European parliamentarians have voted in favour of new rules which will force banks to slash fees on cross-border euro payments between EU countries that are in the euro zone and those that are not.
© Finextra Research 2019